Re:Tech Workers Deserve a Union: An Interview with Ethan Mar...
by SpicyLemonZest on Thursday September 14, 2023 @09:03AM
(#37508434)
Do I have the same relationship to capital? A miner’s relationship to capital seems pretty plausibly adversarial to me: capital buys a bunch of tools and shafts and scaffolding, asks miners to use them to pull coal out of the ground, then pays the miners a fraction of what the coal sells for. My relationship with capital is that rich investors send money to my company’s bank account and they forward it directly to my bank account.
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Re:Tech Workers Deserve a Union: An Interview with Ethan Mar...
by randy5235 on Thursday September 14, 2023 @09:13AM
(#37508553)
Rich investors send money to your companies bank account. Upper management then pays as little as they can get away with. You might have “shares” in your company that gain value in an “exit” event, but have you looked at how those payout structures are arranged? Mostly the investors and “founders” are paid out first with great returns. What little is left gets divided up amongst the rest.
Re:Tech Workers Deserve a Union: An Interview with Ethan Mar...
by bluGill on Thursday September 14, 2023 @09:16AM
(#37508593)
There is value in an investor paying for the shafts and scaffolding. The investor also takes the risk that coal prices will fall (eventually the miner is laid off, but the investor takes a lot of the risk)